Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0139%/8h= −15.2% APRpaid last 24h −0.021%

Price spread now: KuCoin against edgeX−0.048%68s7-day average −0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$72as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$620.624% of the position

Long on edgeX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.097%−$10 on $10k

Price spread, last 4 days (all we have)−0.533%−$53 · spread now −0.048%, 7d avg −0.002%

Together, before fees−0.630%+ Points / potential airdropedgeX: Active · farm board−$63 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and KuCoin is 0.046% cheaper against edgeX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.002%). Swap the legs. The two prices were read 68 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX WLDUSDC	0.4635	0.0100	pay 0.0050% / 4h	1h 32m	$28K	$319K	20x
Short	KuCoin WLDUSDTM	0.4633	−0.0039	pay 0.0039% / 8h	5h 32m	$7.1M	$11.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against edgeX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee edgeXbpFee KuCoinbpOrdersPrice spread, now −0.048%Rate

Funding earned: −$29.19
Price spread: −0.048% → −0.002%: −$4.58
Slippage, 4 orders: −$41.36
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$96.13
Costs to cover: 0.624%
Break-even: never at this rate

Slippage from edgeX: live order book, 31 min ago; KuCoin: live order book, 6 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy edgeX live order book, 31 min ago	4.28 bp	8.8 bp −$9	19.9 bp −$199	doesn't fit	doesn't fit
Sell KuCoin live order book, 6 min ago	3.25 bp	22.4 bp −$22	36.0 bp −$360	doesn't fit	doesn't fit

WLD on 38 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kalshi KXWLDPERP	−0.0134%	8h	0.4634	−0.026%	$57K	$4.5M	1.7x	as long as short
KuCoin WLDUSDTMshort	−0.0039%	8h	0.4633	−0.048%	$7.1M	$11.6M	50x
dYdX WLD-USD	0.0000%	1h	0.4635	−0.014%	$165K	$26K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4633	−0.048%	$120K	$923K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4634	−0.026%	$56K	—	150x	as long as short
Nado WLD-PERP	+0.0022%	1h	0.4636	+0.006%	$268K	$187K	5x	as long as short
Orderly PERP_WLD_USDC	+0.0073%	8h	0.4632	−0.070%	$28K	$893K	10x	as long as short
01 Exchange WLDUSD	+0.0088%	1h	0.4635	−0.013%	$332	$80	5x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4635	+0.004%	$174K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4636	+0.010%	$49K	$511K	5x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance WLDUSDT	+0.0100%	8h	0.4633	−0.043%	$88.0M	$324.9M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4633	−0.048%	$66.1M	$87.9M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4631	−0.091%	$35.0M	$149.0M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4632	−0.070%	$7.2M	$36.8M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4634	−0.026%	$45.9M	$54.3M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4631	−0.091%	$30.6M	$29.5M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4634	−0.026%	—	$67.1M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4637	+0.034%	$137K	$290K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4633	−0.057%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDClong	+0.0100%	4h	0.4635	long leg	$28K	$319K	20x
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4634	−0.026%	$609K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4643	+0.168%	$51K	$236K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4635	−0.013%	$54K	$2.0M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4640	+0.103%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4631	−0.091%	$290	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4635	−0.005%	$846K	$1.9M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4631	−0.091%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4630	−0.119%	$213K	$927K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4633	−0.048%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4633	−0.044%	—	—	20x	as long as short
Phoenix WLD	+0.0172%	1h	0.4625	−0.229%	$5K	$57K	10x	as long as short
Lighter WLD	+0.0192%	1h	0.4638	+0.066%	$5.0M	$2.3M	10x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4638	+0.060%	$5.0M	$805K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0230% / S −0.1268%	1h	0.4633	−0.052%	$5K	—	100x	as long as short
Coinbase International WLD-PERP-INTX	+0.0480%	1h	0.4624	−0.242%	$274K	$1.7M	50x	as long as short
Hyperliquid WLD	+0.0489%	1h	0.4640	+0.110%	$51.6M	$42.9M	10x	as long as short
Injective WLD/USDC PERP	+0.0677%	1h	0.4616	−0.415%	$6K	$185K	5.5x	as long as short
Kraken Futures PF_WLDUSD	+0.0894%	1h	0.4634	−0.032%	$900K	$2.9M	50x	as long as short